What’s the fuss about the cloud?
More than just big fluffy life giving stores of water floating in the sky, today the cloud gives life to your computer. If you think of the cloud as a vast bank of computers you can use as and when you want to carry out tasks way beyond that of your humble PC then you understand what the cloud in essence is. You basically borrow their processing power to carry out complex time consuming tasks. Unlike having to own a server farm, like the 1990’s, today’s companies can harness the power of the cloud only when they actually need it. Driving down costs, accelerating development and making businesses much easier to scale and to attract investment into.
What is big data?
Turns out Big Data is more than just using a size 18 font in Word, who knew? The actual definition is – “Big data is high volume, high velocity, and/or high variety information assets that require new forms of processing to enable enhanced decision making, insight discovery and process optimization.”
Big words huh? We humans have never had access to such powerful datasets and analytics before. Without computers and mathematics we would be overwhelmed and powerless to make sense of the information. Software and the power of the cloud enable an unprecedented insight into statistical analysis. Result? Big data and the cloud are the future of almost all decision making – software, politics, commerce, you name it – people are harnessing data to drive decisions.
What are the real benefits to using them?
Size 18 font docs floating on clouds wouldn’t be too handy, but mass data available when ever and the most powerful computers you can imagine available to you at the click of a browser? – That is appealing. For business, the benefits are immediate and tangible. You can raise investment to create analytical platforms that 10 years ago wouldn’t have been feasible. Investors don’t like spending millions to build server farms ahead of revenues. SME’s get to make big bold plans reliant upon access to the cloud, plans they couldn’t hope to achieve without the processing power enabled by the cloud. End users get access to software and analytics that run faster, cost less, can be updated daily and don’t have to invest in hardware to run the software. They only need access to the internet.
WHAT DOES THE FUTURE HOLD FOR THE USE OF DATA IN HOUSING?
Data drives everything. Without knowing the likely impact of a decision people are paralysed and static. If you knew the road on the left was busy and the one on the right empty, yet they both took you to your destination, you would take the right. You processed data.
Now make some investment grade decisions on a property portfolio that need retrofit measures to become compliant with legislation.
What do you fit? Why? And how much will it cost? Is there something better out there? Who provides the service? How do you ensure best value? And is that solution best for all your stock or just a handful? Are there grants available? If so, who administers them? How do you communicate that information to your boss? The board? Your investors?
Data empowers and enables exactly this sort of decision making process.
With the additional data the thermal image can provide in conjunction with IRT DREam, you can harness the true power of data and discover the most efficient way forward with your properties.